financial commitment
Definition
An undertaking to commit substantial expenditure at a future date. Such pledges are deemed liabilities and must be shown as such in the firm's balance sheet (as accompanying notes or footnotes) even if the expense has not yet been incurred to have become an actual liability. See also capital commitment.
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financial commitment is in the Accounting & Auditing and Banking, Commerce & Finance subjects.
financial commitment appears in the definitions of the following terms: co-maker, capital commitment, unliquidated commitment, cooling-off period and delisting
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